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If they buy BCGI

By David Randolph · June 5, 2005 · 1 min read · 523 views
Boston Communications Group, Inc. (BCGI). The Group's principal activity is to provide real-time subscriber management services to the wireless industry.

The long term chart:



And the short term:



The stock had that enormous gap down because of a trial decision. To me that decision was already being discounted for some time so I believe the stock overreacted to the news with a 64% drop in one day.

Insiders agree with me and started buying on Friday's session like there's no tomorrow:

http://www.insidercow.com/index.html (this site is great for tracking insiders moves)

I don't want to dig too much into the news because that can be prejudicial. I just grasp the essential of the story, buy some stock and sell when they lose momentum. I absolutely don't fall in love for one stock or another, I actually believe there are 11000 stocks competing for my attention and money.

BCGI has short term upside potential. The court case will have many appeals and the final verdict is still unknown, altough the price is almost at bankruptcy levels. There has to be a rise to a level of more equilibrium, to say the least ...

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